Tanzania’s essential goods have suddenly become less expensive, indicating a period of economic alleviation for the East African country. Tanzania was one of the few sub-Saharan African nations that managed its resources throughout the majority of 2022. Despite being high, the nation’s inflation rate stayed within its desired range of 5.4% in 2022–2023. As the...
According to an African Development Bank report, despite sluggish growth and the worst inflation rates in a decade in 2022, African economies are still “resilient” and double-digit price increases are also anticipated to taper down. The 54 countries that make up Africa were severely impacted by the Covid outbreak, the effects of climate change, and...
Alliance Against Monopoly, a Pan-African anti-dominance organization, has stated that regulators must take all actions feasible to dismantle the ugly monster of monopolies and duopolies that are stifling innovation in the ICT and telecom industry. Dr. Omife I. Omife, the advisory director for the Alliance Against Monopoly Africa, commented on the Uganda National IT...
In time for the African Games in Accra later this year, Ghana will have a new national airline operated by former England star Emile Heskey. The Zotus Group, an operational and financial partner of Ashanti Airlines, has received a contract from the Ghanaian government to run Ghana Airlines out of the nation’s capital. The airline...
The first edition of the Africa Prosperity Dialogues will be held in Ghana from January 26 to January 28, 2023, and will be attended by leaders from the continent’s political, economic, and social sectors. The conference is sponsored by H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, and H.E. Nana...
By removing 23 onerous trade barriers that had impeded trade between the two countries, Kenya and Tanzania have gone above and beyond in their objective to improve their commercial ties. This action reflects the present administrative ideology in both countries. The presidents of both countries—President Samia Suluhu Hassan of Tanzania and President Willam Ruto of...
In order to “streamline operations,” Sama, a subcontractor of Meta for content moderation in Africa, has announced the closing of its content moderation division in Kenya. According to sources, Majorel, an European outsourcing company, would take over the contract. Recently, Sama and Meta were both sued in the nation of East Africa for alleged labor exploitation...
Researchers looking at investment potential in Africa are intrigued by intracontinental commerce. The infrastructure landscape is where individual nations and private capital partners begin their feasibility assessments in order to make sure that all investment opportunities are taken advantage of. The transportation industry continues to be crucial to opening up such chances for cross-border trade....
According to a Monday announcement from the Foreign Ministry, China’s incoming Foreign Minister Qin Gang will visit five African nations during a weeklong tour. From January 9 to 16, Qin, who most recently served as ambassador to the United States, will travel to Ethiopia, Gabon, Angola, Benin, and Egypt, according to spokesperson Wang Wenbin. Qin...
According to McKinsey research, the African fintech sector (excluding South Africa) is anticipated to grow by 10% yearly to reach $150 billion by 2025. More smartphone ownership, reduced internet costs, increased network coverage, and a young, quickly urbanizing population are all contributing to the development of fintech businesses in Africa. The COVID-19 pandemic has sped...
